Financial Aid Administrator- Compliance

Covenant College•Lookout Mountain, GA

2d•Onsite

About The Position

The Financial Aid Administrator - Compliance ensures Covenant College’s financial aid operations comply with applicable federal, state, and institutional regulations. The role serves as the Secondary Destination Point Administrator, manages financial aid data transmission and loading into Banner, and maintains accurate student records. It also oversees processing, reconciliation, and return of federal, state, and alternative student loans; supports institutional financial aid award programs; and assists the Director of Financial Aid with audit preparation and compliance documentation. The position works in Admissions & Financial Aid and reports to the Director of Financial Aid. It is a permanent, regular full-time, benefit-eligible, exempt position. The role is expected to be performed on campus unless otherwise directed or arranged. The work is primarily in a professional office environment and typically follows college hours of Monday through Friday, 8:00 a.m. to 4:30 p.m. Hours may infrequently be adjusted or extended to meet job or team responsibilities. Travel is not required other than occasional training and conferences.

Requirements

Bachelor's degree or equivalent.
Experience using Google Suite in a professional setting.
Acceptance of and commitment to Jesus Christ as Savior and Lord.
Understanding of the mission and purpose of Covenant College.
Ability to assent to Covenant College's Staff Commitments and participate in the spiritual life of the campus community.

Nice To Haves

Master's degree.
Two to three years of college financial aid program experience.
Familiarity with relevant federal and state regulations.

Responsibilities

Maintain connections with and understanding of federal and state databases used to obtain and send information.
Serve as the Secondary Destination Point Administrator and transmit files between Banner and Department of Education software systems.
Load FAFSA data into Banner and maintain accurate financial aid student records in accordance with federal and state standards.
Balance all federal funds every 30 days.
Assist the Director of Financial Aid in maintaining documentation required to demonstrate compliance during audits.
Implement systems and processes to provide financial aid offers to applicants in traditional and graduate programs.
Submit professional judgments to the Department of Education.
Complete verification of student files flagged by the federal government.
Process federal and state loans and transmit files according to regulations.
Return and cancel loan funds as requested or required for Return of Title IV (R2T4) withdrawals.
Check for over-awards and adjust loans as necessary to maintain compliance.
Coordinate with the Accounting Office regarding fund availability for drawdown via G5 and the issuance of credit balance refund checks to families.
Load Statement of Student Accounts (SAS) reports and balance loan funds at least monthly.
Process Georgia Student Access Loans and other requested state loans, including Vermont and Maine loans.
Process alternative loans.
Complete the annual setup of the new aid year in Banner.
Assist with annual financial aid audits by preparing reports, reviewing student files or awards, and providing information requested by the independent audit firm or state agency.
Fulfill other duties assigned by the Director of Financial Aid.